Locked
Discussions in this board are limited to the original poster and Community Mentors
1099
How much can i sell without recieving a 1099 and having to declar as income.
2 comments
Locked
Discussions in this board are limited to the original poster and Community Mentors
How much can i sell without recieving a 1099 and having to declar as income.
disneyshopper
Mentor5 months agoYou are suppose to declare all sales as income. I believe it is schedule C that you can use to itemize your deductions (selling fees, shipping fees, shipping supplies, storage unit, internet, etc). In fact, some states have a lower threshold for sending out a 1099-K.
https://stripe.com/docs/connect/1099-K
inceptions
Mentor5 months agoHi @falcon7722
You are required to declare your eBay sales on your tax return whether or not you receive a 1099K. If you qualify for receipt of the form, you'll find it by going to your Seller Hub Payments tab and selecting Taxes.
2025 reporting threshold
Some states have a different threshold from the IRS.
https://www.ebay.com/help/selling/fees-credits-invoices/ebay-form-1099k?id=4794&st=3&pos=1&query=eBay%20and%20Form%201099-K&intent=1099%20k&lucenceai=lucenceai&docId=HELP1463